Investor Presentaiton

APPENDIX 1 | OVERVIEW - Q2|20 RESULTS ($MM, TEB) Q2 20 Q1 20(1) Q2 19 QoQ YOY Revenues 2,112 2,010 1,850 5% 14% Operating Expenses 1,121 1,078 1,026 4% 9% Pre-tax / Pre-provisions 991 932 824 6% 20% up 20% YoY Provisions for Credit Losses 504 89 84 466% 500% Net Income 379 620 558 (39%) (32%) Diluted EPS $1.01 $1.70 $1.51 (41%) (33%) Return on Equity 10.7% 18.3% 17.8% CET1 Ratio 11.4% 11.7% 11.5% ■ Revenue growth in all segments, led by Financial Markets and Wealth Management Pre-tax pre-provision earnings Significant increase in PCLs reflecting revision of macroeconomic factors Net income of $379 million, down 32% YoY Key Metrics ($MM) Q2 20 Q1 20 Q2 19 QoQ YOY Loans & BAS - Total (avg vol.) 160,008 154,558 147,139 4% 9% Deposits Total (avg vol.) 205,097 198,974 180,421 3% 14% (1) Results for the first quarter of 2020 exclude a $13 million charge related to Maple Financial Group. Please refer to page 23 of the Bank's Second Quarter 2020 Report to Shareholders for additional information. 21

View entire presentation